Legislation

Imposing a State income tax on income distributed to certain members of certain pass-through entities from the pass-through entity's taxable income exceeding $1,000,000; providing that the tax does not apply to the income of a pass-through entity that is a sole proprietorship or has implemented a certain employee stock ownership plan; applying the Act to taxable years beginning after December 31, 2020; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2021

History

Legislation History
Chamber House Calendar Date 9/25/2020 Legislative Date 9/25/2020 Action Pre-filed Proceedings
Chamber House Calendar Date 1/13/2021 Legislative Date 1/13/2021 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Pass-Through Entity - Additional Tax Proceedings
Chamber House Calendar Date 1/07/2021 Legislative Date 1/07/2021 Action Hearing 1/28 at 1:30 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	9/25/2020	9/25/2020	Pre-filed
House	1/13/2021	1/13/2021	First Reading Ways and Means
			Text - First - Income Tax - Pass-Through Entity - Additional Tax
House	1/07/2021	1/07/2021	Hearing 1/28 at 1:30 p.m.

File Code

Subjects

Statutes